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Newsmakers

No Pregnant Pause During Recession

Ed Krell"Even in tough times, women get pregnant and their pre-pregnancy clothes don't fit," said Destination Maternity CEO Ed Krell, MBA '88. Just the same, the maternity apparel industry isn't recession-proof. Krell helped his company survive the worst of the recent downturn by paying down some $50 million in debt over two and a half years, starting when the economy was soaring. It was an auspicious move that Krell credits as much to good luck as good management. "There have been layoffs at headquarters, store closings, and store renamings as the company's apparel lines have been condensed to two," the Philadelphia Inquirer reported. Still, amid all of this, Krell managed to open stores in India, plan more in the Middle East, and launch a special design collection in collaboration with celebrity Nicole Richie, who recently gave birth to her second child.